The bill amends section 381.915 of the Florida Statutes to enhance cancer research and treatment initiatives in the state. It introduces the "Cancer Connect Collaborative," which will advise on funding and policy related to cancer research, with an updated composition that includes more appointed members with relevant oncology expertise. The collaborative is responsible for reviewing grant applications for the Cancer Innovation Fund, prioritizing those that expand cancer screening and treatment in underserved areas. Additionally, the bill mandates the establishment of peer review panels to evaluate grant proposals based on scientific merit and requires the collaborative to submit annual reports to the Governor and Legislature on the impact of funded projects.

Furthermore, the bill creates the Cancer Connect Collaborative Research Incubator within the Florida Department of Health, aimed at enhancing cancer research, particularly in pediatric cancer, over a five-year period starting July 1, 2025. It outlines a competitive grant process prioritizing applications that increase participation in clinical trials and mandates a peer-review process for all proposals. The bill also introduces the Bascom Palmer Eye Institute VisionGen Initiative, focusing on genetic research related to inherited eye diseases and ocular oncology. Recipients of incubator grants will be required to submit detailed financial reports and outcome data, with the collaborative responsible for annual evaluations. The act is set to take effect on July 1, 2025.